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Anyone catch the start of a rumor on a buyout in today's PR? I think that was the meat of the release, the rest just fill in fluff to support it.
..........al
All of you are absolutely correct on what would happen to oil and the dow if we go to war with Iran. I don't think we'll see that. What we might see is an Isreali action totally blessed by Cheney, who by the way if you haven't already guessed represents the real power behind Bush, along with the usual media blitz. Iraq would be returned to the Iraqis overnight and our troops there would become an invasion force if needed to back up the action. It's only one scenario. I believe our real problem is Pakistan. They are already nuclear and with radical islamists gaining more influence daily. Would we want nuclear weapons in the hands of these people? That's my whole case.
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I believe Buffet was shorting the dollar via Euro and Swiss franc purchases. He did very well as he started when the dollar and euro were on par. Some believe it will happen again if the the union holds together. There's a lot of discord in Europe right now.
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Thanks Trump for the numbers. I usually go by the "feel" of it. How concentrated are the buys and sells and how several buys or sells executed almost simultaneously can comprise one larger order. To try an put it on paper just doesn't work. It comes from years of watching how positive or negative momo relates to movement on the B/A. I'm not always right but it works for me better than anything else I've found.
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I can't give any numbers or % , but watching this all day, I saw a very large majority of shares traded today were buys. FWIW
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BPG has quite a wall at 45¢ for now. Will need some serious buying or a great PR to break it. JMHO
..........al
Last trade at 11:14 5000 shares at .028 moved the ask to .03.
My B/A is .027 and .03 right now. eom
I tried Etrade years ago and quickly moved on to another. Didn't like the customer service more than anything. I find that Amtrade is accurate most of the time. But there are better services available that are accurate all of the time, if you're willing to pay for them and some are expensive.
........al
I only assume that trades going thru at the ask are buys, but what do I know.
......al
my streamer has been showing ask at .028 until a few minutes ago it moved to 3¢.
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Captain JIm- I'm all for it. Would like to see this show on the road soon.
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Captain Jim- as a trader it says one of 2 things to me. Manipulation or dilution. And I've been advised by some that can get a hold of Clayton that the OS and float are unchanged.
....al
They are sure showing up on Amtrade's streamer.
.....al
Change of subject- I'm seeing a lot of nice buys going thru at the ask this morning. Just FYI
........al
As long as the SEC allows FTD's to go on for months, the naked shorts will florish. What is needed is a hard and fast rule with heavy fines and rigid enforcement. It would level the playing field and be far more investor friendly.
.....al
silver- as a follow up, there was and is a lot of speculation that Buffet's silver went secretly to fund the new silver ETF. No one knows for sure but the timing would be perfect. In addition if the amount of silver needed to fund the ETF was bought on the open market it would have caused a large spike in the silver price which did not happen at the time.
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link to Buffet's silver sale;
http://www.resourceinvestor.com/pebble.asp?relid=19497
........al
When I see Cornell get involved with a company I run away as fast as I can. They have been, still are, and always will be bad news for shareholders.
..........al
Hi Monster and welcome to the board. In answer to your question once you purchase stock the money goes to whomever sold you the shares. Once you sell your shares whomever you sell them to pays you. Owning shares in a company normally entitles you to certain rights of which few are available in pink sheet stocks. No entity retains any ownership of monies invested in a stock. It's a buyer and a seller that's all. Once you sell you have no claim on the company unless you have a loss and can prove fraud in a court of law. To keep this post to a minimum check out some of Camguy's recent posts. He has a lot of info, mostly bad, about this company.
........al
Hi mmayr- just found your board and happenned to read your post. Take it a little farther back in history. The financial largasse now being enjoyed by those middle eastern types can be directly attributed to Richard Nixon and Henry Kissinger. Over the strong objections of the major oil companies, who dominated economic control of the area by simply turning off the "spigots" in those areas where the locals wanted more money for the oil, Kissinger(may he rot in hell) persuaded Nixon to allow the Shah of Iran nationalize his oil wells because he was screaming the Russians are coming on my borders. He needed money to beef up his armies and air forces. And of course all these new weapons and such would be provided by none other than our own military industrial complex at costs in the billions. What the US propaganda machine spewed out during the Vietnam war about the domino theory did not happen in southeast asia. But look what happenned in the middle east. Just an FYI
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Gee Dancy- I'm from the hills of Pennsylvania. What's a flat screen?
.......al
Dancy- nice find, I can't believe you found it before me LOL. It's another piece of the puzzle of success. I wonder how many Chicagoans have called the station asking where that urn came from?
........al
I supported this stock very strongly at 6¢. I hope this divi mess gets straightened before Sept 15, when the next 1040 ES is due. I just made some very nice $$$ on UPDV and GGLB and will have some heavy taxes due then. I would much rather pay more taxes on more gains than offset others with losses. I'm usually not patient and cut losses quickly and move on, but the story here is very intriging and worth a longer wait IMHO.Time will tell all. GL2U and all here.
.........al
Thanks TraderRick- I'm glad someone can speak to him. Do his numbers agree or disagree with the TA?
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manipulation or dilution? over many years of trading pennies I have heard that over and over- market maker manipulation, when in a large majority of the cases it was nothing other than simple company dilution. I sincerely hope it's not dilution here, but I'm beginning to wonder. I got the same "Clayton is not available" when I called for a progress report. Perhaps he should give that nice lady something to read to callers. Anyway, red flags are starting to fly. We need a progress report.
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Hello Dave and hangfire, welcome to the board. Most of these guys are not bagholders now, but were several R/S ago. It happens to us all at one time or another. What is going on here is a growing body of former shareholders that are willing to spend a few moments of their time to try and warn others before they believe the fluff PRs being cranked out of this company. The only ones shorting this stock are the CD holders using offshore accounts. The people running this company are living the highlife which there's nothing wrong with that, but when doing it at the expense of stockholders it becomes another story. Dave, you have the right philosophy. As down as I am on management and this company, I've always maintained a smart trader can make a few $$$ on it. Just be very careful.
GL2U
........al
from Fox news today-
http://www.foxnews.com/story/0,2933,376871,00.html
The end of the Internet is near — and in less than three years, according to the Organization for Economic Cooperation and Development.
The reason? More than 85% of the available addresses have already been allocated and the OECD predicts we will have run out completely by early 2011.
These aren’t the normal web addresses you type into your browser’s window, and which were recently freed up by Internet Corporation for Assigned Names and Numbers, the body responsible for allocating domain names, to allow thousands of new internet domains ending in, for instance, .newyork, .london or .xxx.
Beneath those names lie numerical Internet protocol addresses that denote individual devices connected to the internet. These form the foundation for all online communications, from e-mail and web pages to voice chat and streaming video.
When the current IP address scheme was introduced in 1981, there were fewer than 500 computers connected to the Internet. Its founders could be forgiven for thinking that allowing for a potential 4 billion would last for ever. However, less than 30 years later, the Internet is rapidly running out. Every day thousands of new devices ranging from massive web servers down to individual mobile phones go online and gobble up more combinations and permutations.
“Shortages are already acute in some regions,” says the OECD. “The situation is critical for the future of the internet economy.”
As addresses run dry we will all feel the pinch: Internet speeds will drop and new connections and services will either be expensive or simply impossible to obtain. The solution to the IP address shortage is an upgrade to new addresses that can accommodate our hunger for online connectivity. Such a system, called IPv6, was agreed more than a decade ago, providing enough addresses for billions upon billions of devices as well as improving Internet phone and video calls, and possibly even helping to end e-mail spam.
Click here to read more at the Times of London.
Just called the TA- OS count now at 6,369,265. In the 3 1/2 trading days last week, the company dumped 142,000 shares. Just an FYI
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two 8m share buys at the ask just went thru eom.
Yes, LOL. The scariest words you can hear from a stranger are "I'm from the government, and I'm here to help you. "
.......al
just a thought- Rio Tinto just increased it's price of iron ore to China by 90%. Such an increase could very well have significant impact on this current deal for sunrise.
........al
OA and Gmoney- saw there was some discussion on the CPI and how bogus gov't numbers are. maybe you already know of this website, but if not it is very informative.
.........al
http://www.shadowstats.com/
from Jason Hommel:
Confiscation
(Government confiscation fears are common)
Silver Stock Report
by Jason Hommel, July 3, 2008
The silver market is several orders of magnitude too small for the U.S. government to even be concerned about. It is impossible that the U.S. government could confiscate enough silver bullion to even make even the tiniest difference to the annual budget!
The total silver bullion available in the entire world is down to about 60 to 600 million ounces. At $20/oz., that's worth $1.2 billion to $12 billion, yet U.S. annual government budgets are around $3000 billion, and the deficit alone is about $1000 billion. How could $1.2 billion dollars even help in the slightest to help fund a budget deficit of 1000 billion, nearly 1000 times as large?
Thus, there is no need to be remotely concerned about confiscation until well after silver bullion rises in price by at least a factor of 1000! And even then, the silver in the U.S., about 100 million ounces, at the COMEX, would be worth $20,000/oz., for a total of a mere $2 trillion, which is, again, a mere drop in the bucket when considering the dollar amount of government expenditures, which are over $3 trillion, and the U.S. debt is $9 trillion, with unfunded liabilities of $75 trillion!
Furthermore, let's look at the gold confiscation of 1933. In actual fact, the vast majority of people never turned in their gold. The government increased their own gold hoard by only 1% through confiscation, so you are not likely to lose your silver if the government even tried to confiscate.
Furthermore, of all the assets available, gold and silver are the absolute hardest to actually confiscate, because they are easily hidden, portable, off the books, and are essentially untraceable. That's why they are money, because of such intrinsic properties.
In contrast, Real Estate is much easier to tax. There is no such annual "property tax" on silver or gold.
In fact, you may need physical gold or silver to be able to hold on to real estate in the future. If paper money collapses, they will surely levy a tax of gold or silver on all real estate.
So, although it is always possible that the government might confiscate silver in the future, I think the possibility is rather remote.
The typical result in history when governments try to confiscate gold and silver is that the governments quickly collapse. It is an anomaly of history that the U.S. government did not collapse in 1933, but perhaps the reason it survived is that paper money could be redeemed for gold by foreigners until 1971, and perhaps because gold trading was legalized again in 1975.
But more importantly, let's focus on the present. They are not confiscating silver now.
Today's government confiscation takes place through inflation! Currently, money creation rates are at about 20%, so inflation is 20%, and thus, the dollar will lose 20% of its value in a year. In the last 4 years, the dollar has lost over 75% of its value (as measured by silver and gold, since gold and silver prices have nearly quadrupled), and the dollar is on pace to lose another 20% in the next 12 months!
Another government confiscation is through income taxes. There were no income taxes in the U.S. when silver and gold were money, prior to 1913 when the Federal Reserve was founded.
Confiscation fears are understandable. Although silver that you own is default free, and cannot go to zero value. But there is only one remaining problem: it can be stolen by thieves, or government. This is the age-old problem of being wealthy, you have to protect your wealth.
Let me emphasize, you have to protect your wealth, you, not somebody else. Like many activities, we often try to hire out jobs we don't like. We hire people in government to be the police, to fight fires, and to build roads. In the private sector, most of us hire other people to build our houses or cars for us, as the vast majority of people work in other jobs.
But it can be dangerous if you hire other people to protect your wealth for you. Every such hired person has a great temptation when placed in that position.
Let's put it this way. You don't ask another man to hold your wallet, and you don't ask another man to hold your wife. Some things are your responsibility only.
You can hire a personal trainer, but you cannot hire another person to exercise for you, either.
You can hire a driver, but you can't hire someone else to take your test to get your driver's license.
Some things you just have to do yourself, and guarding your wealth is one of them.
Guarding your own wealth serves several positive functions and purposes for society and you. First, it distributes wealth among the people, rather than allowing it to be concentrated, and more easily stolen by thieves or government entities. Second, it forces you to take more responsibility for your direct surroundings, such as where you live, which directly contributes to helping make the world a safer and better place. Third, you will be more likely to take precautions for overall home defense and personal security, such as getting a burglar alarm system or firearms. Fourth, you are more likely to want to keep yourself physically fit and ready for personal self defence, which is good for your health. Fifth, a people that owns firearms is more likely to be free and more immune to invasion by any enemies.
So, if there ever was any sort of government confiscation order, who would mostly likely be harmed? Primarily those entities who would be affected would be the investors who held silver or gold with the exchange traded funds (ETF's) such as Barclays SLV, or e-bullion trading systems, or the COMEX, or any sort of silver or gold held for you by any major broker or bank.
In fact, if there is any silver or gold confiscation order, it would likely be to help the banks, to eliminate the silver and gold liabilities of the major banks and brokerage houses, so that they can give you paper, instead of silver or gold, in case the prices of the precious metals begin to take off.
Some people say that places like goldmoney.com which is incorporated overseas and uses vaults in Europe, is immune from U.S. government confiscation. Others say that Australia's Perth Mint certificates are also likewise immune.
But the lesson of the Argentina currency crisis in 2001 should be remembered. U.S. Citizens who put U.S. dollars in U.S. banks in Argentina had their dollars converted to Argentine pesos against their will, and lost 75% of the value of their accounts nearly overnight as the Argentine peso collapsed by about that amount. U.S. Banks said they had no choice but to obey the orders of the government of Argentina, which was, of course, very convenient for them!
http://en.wikipedia.org/wiki/Argentine_economic_crisis_(1999-2002)
So, being located in another nation does not always offer protection.
Freedom requires responsibility.
Banks offer a false kind of security.
Those who would give up responsibility for security deserve neither one and will end up enslaved.
Those who mock silver and gold love to tout stories of people who had their silver or gold stolen by common thieves.
At most, I could hardly conceive that 1% or less, of the people's physical wealth could be stolen, physically, in a year!
Yet what is inflation? Inflation of 20% steals 20% of all of society's paper wealth in a year!
The irony is that paper money's "reason for existence" is that it's supposed to protect us from the theft of physical bullion, but paper money is no protection at all! Paper money is evidence that you and your ancestors abandoned your silver and gold to the institutionalized thieves long ago.
Could you imagine the societal uproar that would happen if 100% of the assets of 1 person in 5 were totally stolen each year by thieves? And yet, that is the societal equivalent of a 20% inflation, or currency devaluation!
If you are going to fear confiscation, then fear inflation, for that is the real confiscation.
In fact, fear paper money, for paper money was created to deceive the holders of the physical gold and silver in the first place. And also, fear the entire concept of banks, for banks are also a mechanism of confiscation! Fear also, insurance, social security, annuities, inflation-indexed bonds, futures contracts, and options. All are merely "promises to pay", and are all paper instruments designed to confiscate your real gold and silver.
The only solution to the problem of confiscation is getting real silver and gold.
Some scammers will try to convince you that "numismatic" items are immune from confiscation. Whatever! I think numismatics are just another form of confiscation themselves; they are expensive idols, special images on coins that supposedly have higher value, but the value is to the seller of the items, as they usually have a very large spread, and you get much less back when you try to sell them. Even if you get "cheap" numismatic coins for only 15% over spot, I reason, why pay 15% more for "special" bullion, when you can pay 5% just to protect the real stuff?
I know a guy who spent $150,000 on "walking liberties" at 75% over spot! He only got the spot price when he sold them! Most people who try to spend $100,000 in the rare coin market, ARE the rare coin market. Beware!
I recommend that you store your wealth in a safe, in your home. Bolt the safe down, from the inside, into concrete or wall studs. Get a safe that is an appropriate size for your wealth. Buy a $50 lock box, or a $500 floor safe, or a $5000 vault safe if you have to. A good rule of thumb is to spend about 1-5% of your wealth on personal security.
If you have wealth, you can afford to guard it, or you can afford to move to a safer neighborhood, it's that simple. Don't neglect that crucial responsibility.
Don't try to insure it, I think insurance is a scam, and I don't even know if you can insure bullion stored at home. One way to insure your wealth is to spread it around. Do you have family? Buy them a few safes, and store wealth with them.
Finally, some people have asked me, "What if a crook comes to your house with a gun, and forces you to open your safe?" What if, what if! It's never happened yet. Common thieves don't read investment newsletters, they are out for the easy score. Most silver and gold thieves disguise themselves as "respectable" businesses who want to hold your silver and gold for you!
Besides, that's why I have gates, guards, dogs, security alarms, safes, and firearms, and I've diversified. But the reality is that I know my life is a temporary thing. I'll be gone in about 40-50 years if I'm blessed to live so long, and my silver will be there for my children or my children's children. But more importantly is how I live my short life; shall I live it in fear, or shall I take responsibility?
Sincerely,
Jason Hommel
more free publicity, but I can't tell whether this is good or bad. LOL. Scroll down on the link page to find the urn.
...........al
http://gizmodo.com/5021278/10-gadgety-reasons-why-i-love-america
overachiever- good article here with a different perspective on our inflation problem. I don't agree with his outcome, but I always try to keep an open mind.
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http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2008/06/30/the-end-of-the-inflation-scare.aspx
hunter6110- there is contact info at this website.
http://www.alexkanakaris.com/
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iBox share count updated- from June 12 to June 27 right before the 1:1000 reverse split they dumped almost 3.8 billion more shares on investors. Thank you Alex Kanakaris, I'm sure all those investors appreciate your concern for them.
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WTVN is now WIFT after the latest reverse split. It's also down 90% so far today. The symbol change does fool a lot of new investors that are unfamiliar with the company and it's history. And it screws up the chartists. That's why a lot of these scam companies do it.
..........al
WIFT is down 90% already today. eom